Foster Corwith - ProShares UltraShort ETF Portfolio Manager
| EUO Etf | USD 31.26 0.19 0.60% |
| Issuer | ProShares |
| Inception Date | 2008-11-24 |
| Benchmark | EUR/USD Exchange Rate |
| Entity Type | Partnership |
| Asset Under Management | 39.32 Million |
| Average Trading Valume | 27,769.5 |
| Asset Type | Currency |
| Category | Euro |
| Focus | Euro |
| Market Concentration | Developed Markets |
Similar Fund Executives
| Showing other executives | One Year Return | ||
| Karl Schneider | UBS AG London | N/A | |
| Scott Radell | UBS AG London | N/A | |
| David Rios | UBS AG London | N/A | |
| Gary Jones | UBS AG London | N/A | |
| Adam Cohn | UBS AG London | N/A | |
| Matthew Tuttle | UBS AG London | N/A | |
| Bruce Kavanaugh | UBS AG London | N/A | |
| Jon Erickson | UBS AG London | N/A | |
| Brad Camden | UBS AG London | N/A | |
| Derek Fulton | UBS AG London | N/A | |
| Jeremiah Holly | UBS AG London | N/A | |
| Benjamin Wang | UBS AG London | N/A | |
| Scott Fries | UBS AG London | N/A | |
| Ford ONeil | UBS AG London | N/A | |
| Naveen Kumar | UBS AG London | ||
| Frank Vallario | UBS AG London | N/A | |
| John Gardner | UBS AG London | N/A | |
| Stephen Smitley | UBS AG London | N/A | |
| Tony Seisser | UBS AG London | N/A | |
| David Swallow | UBS AG London | N/A | |
| Michael Foggin | UBS AG London | N/A | |
ProShares UltraShort Euro Money Managers
| Brian Ear, ProShares ETF Portfolio Manager | ||
| Marques Mercier, ProShares ETF Portfolio Manager | ||
| Kevin Ritter, ProShares ETF Portfolio Manager | ||
| Scott Baskind, ETF Portfolio Manager | ||
| Chris Peterson, ProShares ETF Portfolio Manager | ||
| Austin Wen, ETF Portfolio Manager | ||
| Thomas Brussard, ProShares ETF Portfolio Manager | ||
| Frank Vallario, ProShares ETF Portfolio Manager | ||
| Richard Mejzak, ETF Portfolio Manager | ||
| Brent Fredberg, ETF Portfolio Manager | ||
| Ryan Harder, ProShares ETF Portfolio Manager | ||
| Brandon Matsui, ETF Portfolio Manager | ||
| Brendan Sullivan, ETF Portfolio Manager | ||
| Adam Cohn, ETF Portfolio Manager | ||
| Michael Feehily, ProShares ETF Portfolio Manager | ||
| James Mauro, ProShares ETF Portfolio Manager | ||
| Harry Hartford, ETF Portfolio Manager | ||
| Peter Spano, ProShares ETF Portfolio Manager | ||
| Brian Ellis, ETF Portfolio Manager | ||
| Stephen Hammers, ETF Portfolio Manager | ||
| Ryan Dofflemeyer, ProShares ETF Portfolio Manager | ||
| Patricia Healy, ETF Portfolio Manager | ||
| Jay Hatfield, ETF Portfolio Manager | ||
| Stephanie Shu, ProShares ETF Portfolio Manager | ||
| Donald Butler, ProShares ETF Portfolio Manager | ||
| Ted Janowsky, ProShares ETF Portfolio Manager | ||
| James King, ProShares ETF Portfolio Manager | ||
| Abhishek Kumar, ETF Portfolio Manager | ||
| Devin Sullivan, ProShares ETF Portfolio Manager | ||
| David Young, ETF Portfolio Manager | ||
| Eric Ervin, ETF Portfolio Manager | ||
| Michael LaBella, ETF Portfolio Manager | ||
| Linda Killian, ProShares ETF Portfolio Manager | ||
| Charlotte Cipolletti, ETF Portfolio Manager | ||
| John Lewis, ETF Portfolio Manager | ||
| Bernard Kavanagh, ETF Portfolio Manager | ||
| Louis Lu, ETF Portfolio Manager | ||
| Darshan Bhatt, ETF Portfolio Manager | ||
| William Coleman, ProShares ETF Portfolio Manager | ||
| Donal Bishnoi, ProShares ETF Portfolio Manager | ||
| Naveen Kumar, ProShares ETF Portfolio Manager | ||
| Shaun Burgess, ETF Portfolio Manager | ||
| Darren Wills, ProShares ETF Portfolio Manager | ||
| Christopher Lo, ETF Portfolio Manager | ||
| Ked Hogan, ProShares ETF Portfolio Manager | ||
| Joanna Madden, ProShares ETF Portfolio Manager | ||
| Paul Brigandi, ProShares ETF Portfolio Manager | ||
| David McGarel, ProShares ETF Portfolio Manager | ||
| Justin Hales, ProShares ETF Portfolio Manager | ||
| Rachel Ames, ProShares ETF Portfolio Manager | ||
| Carlos Lopez, ETF Portfolio Manager | ||
| ChiaLiang Lian, ProShares ETF Portfolio Manager | ||
| Dan Ahrens, ETF Portfolio Manager | ||
| Philip Fang, ProShares ETF Portfolio Manager | ||
| Teresa Zheng, ETF Portfolio Manager | ||
| Michael Mack, ETF Portfolio Manager | ||
| Matthew Brown, ETF Portfolio Manager | ||
| Devin Ryder, ETF Portfolio Manager | ||
| Jonathan Nixon, ProShares ETF Portfolio Manager | ||
| Jeffrey Kernagis, ProShares ETF Portfolio Manager | ||
| Michael Przygoda, ProShares ETF Portfolio Manager | ||
| Brian Matthews, ETF Portfolio Manager | ||
| Evan Bauman, ETF Portfolio Manager | ||
| Scott Hanson, ProShares ETF Portfolio Manager | ||
| Robert Wang, ETF Portfolio Manager | ||
| Ted Randall, ProShares ETF Portfolio Manager | ||
| Hayley Peppers, ProShares ETF Portfolio Manager | ||
| David Janssen, ETF Portfolio Manager | ||
| Wesley Rager, ETF Portfolio Manager | ||
| Amy Scofield, ProShares ETF Portfolio Manager | ||
| David Pursell, ETF Portfolio Manager | ||
| Ted Kim, ETF Portfolio Manager | ||
| Greg Savage, ProShares ETF Portfolio Manager | ||
| Margaret Vitrano, ETF Portfolio Manager | ||
| Justin Mandeville, ETF Portfolio Manager | ||
| Lisa Hobart, ProShares ETF Portfolio Manager | ||
| Stephen Smitley, ProShares ETF Portfolio Manager | ||
| David Chin, ProShares ETF Portfolio Manager | ||
| Grant Jackson, ProShares ETF Portfolio Manager | ||
| Alessandro Valentini, ETF Portfolio Manager | ||
| Benoit Autier, ETF Portfolio Manager | ||
| Richard Freeman, ETF Portfolio Manager | ||
| Joe Rodriguez, ProShares ETF Portfolio Manager | ||
| Daniel Hare, ProShares ETF Portfolio Manager | ||
| Amit Gutt, ETF Portfolio Manager | ||
| Ashraf Rizvi, ETF Portfolio Manager | ||
| Cai Jing, ETF Portfolio Manager | ||
| Louis Bottari, ProShares ETF Portfolio Manager | ||
| Laurie Brignac, ProShares ETF Portfolio Manager | ||
| Travis Trempe, ETF Portfolio Manager | ||
| Patrick Bresnehan, ETF Portfolio Manager | ||
| Peter Zilver, ETF Portfolio Manager | ||
| Ernesto Tong, ETF Portfolio Manager | ||
| Ian Carroll, ProShares ETF Portfolio Manager | ||
| Daniel Ong, ProShares ETF Portfolio Manager | ||
| John Kaprich, ProShares ETF Portfolio Manager | ||
| Karen Wong, ProShares ETF Portfolio Manager | ||
| Thomas Durante, ProShares ETF Portfolio Manager | ||
| Jonathan Eng, ETF Portfolio Manager | ||
| Anand Desai, ETF Portfolio Manager | ||
| Wayne Xie, ProShares ETF Portfolio Manager | ||
| David Braun, ETF Portfolio Manager | ||
| Mark Blackburn, ProShares ETF Portfolio Manager | ||
| Michael Gates, ETF Portfolio Manager | ||
| Jon Erickson, ProShares ETF Portfolio Manager | ||
| Cyrille Conseil, ProShares ETF Portfolio Manager | ||
| Seth Kadushin, ETF Portfolio Manager | ||
| Oliver Furby, ETF Portfolio Manager | ||
| Alexander Ilyasov, ProShares ETF Portfolio Manager | ||
| Payal Gupta, ProShares ETF Portfolio Manager | ||
| Raymond Donofrio, ProShares ETF Portfolio Manager | ||
| Robert Regan, ProShares ETF Portfolio Manager | ||
| Kathleen Morgan, ProShares ETF Portfolio Manager | ||
| Steven Boyd, ETF Portfolio Manager | ||
| John Kartsonas, ETF Portfolio Manager | ||
| David Albrycht, ETF Portfolio Manager | ||
| Jeffrey Miller, ProShares ETF Portfolio Manager | ||
| Mark Christensen, ETF Portfolio Manager | ||
| John Gardner, ETF Portfolio Manager | ||
| JeanDominique Butikofer, ETF Portfolio Manager | ||
| Andrea Roemhildt, ProShares ETF Portfolio Manager | ||
| Daniel Lindquist, ProShares ETF Portfolio Manager | ||
| Michael Finocchi, ProShares ETF Portfolio Manager | ||
| Peter Bourbeau, ETF Portfolio Manager | ||
| Louis Ng, ETF Portfolio Manager | ||
| Edward Elfenbein, ETF Portfolio Manager | ||
| Philip Lee, ETF Portfolio Manager | ||
| Bryan Richards, ETF Portfolio Manager | ||
| Jeffrey Ploshnick, ProShares ETF Portfolio Manager | ||
| Beckham Wyrick, ETF Portfolio Manager | ||
| Phil Hodges, ProShares ETF Portfolio Manager | ||
| Thomas Coleman, ProShares ETF Portfolio Manager | ||
| Charles Su, ProShares ETF Portfolio Manager | ||
| Samuel Masucci, ETF Portfolio Manager | ||
| Joseph Madrid, ProShares ETF Portfolio Manager | ||
| Pierre Weinstein, ETF Portfolio Manager | ||
| Michael Akins, ProShares ETF Portfolio Manager | ||
| S Leech, ProShares ETF Portfolio Manager | ||
| Paul Curbo, ProShares ETF Portfolio Manager | ||
| Benhood Noei, ProShares ETF Portfolio Manager | ||
| Cindy Gao, ProShares ETF Portfolio Manager | ||
| Guo Jin, ProShares ETF Portfolio Manager | ||
| Eva Pao, ETF Portfolio Manager | ||
| Andrew Hicks, ProShares ETF Portfolio Manager | ||
| Karl Schneider, ProShares ETF Portfolio Manager | ||
| Tanuj Dora, ETF Portfolio Manager | ||
| Joshua Barrickman, ProShares ETF Portfolio Manager | ||
| Foster Corwith, ETF Portfolio Manager | ||
| Conor Muldoon, ETF Portfolio Manager | ||
| John Love, ProShares ETF Portfolio Manager | ||
| Shlomo Bassous, ETF Portfolio Manager | ||
| Steve Kahler, ETF Portfolio Manager | ||
| Charles Ragauss, ETF Portfolio Manager | ||
| William Baird, ProShares ETF Portfolio Manager | ||
| Su Koo, ETF Portfolio Manager | ||
| Mannik Dhillon, ETF Portfolio Manager | ||
| Vishal Khanduja, ETF Portfolio Manager | ||
| Andrew Serowik, ProShares ETF Portfolio Manager | ||
| Timothy Collins, ETF Portfolio Manager | ||
| Luz Padilla, ETF Portfolio Manager | ||
| Paul Brown, ProShares ETF Portfolio Manager | ||
| William Smith, ProShares ETF Portfolio Manager | ||
| Timothy Seymour, ProShares ETF Portfolio Manager | ||
| Diane Hsiung, ProShares ETF Portfolio Manager | ||
| Emiliano Rabinovich, ProShares ETF Portfolio Manager | ||
| Roger Testin, ProShares ETF Portfolio Manager | ||
| Anthony Routh, ETF Portfolio Manager | ||
| Greg Meisenger, ProShares ETF Portfolio Manager | ||
| Deane Gyllenhaal, ProShares ETF Portfolio Manager | ||
| Alex Hamilton, ETF Portfolio Manager | ||
| Greg Barrato, ETF Portfolio Manager | ||
| Jennifer Hsui, ProShares ETF Portfolio Manager | ||
| Kevin Simpson, ETF Portfolio Manager | ||
| Bradley Sullivan, ProShares ETF Portfolio Manager | ||
| Anne Walsh, ProShares ETF Portfolio Manager | ||
| Denise Krisko, ETF Portfolio Manager | ||
| Sean Reichert, ProShares ETF Portfolio Manager | ||
| Mark Nebelung, ETF Portfolio Manager | ||
| Gerard OReilly, ProShares ETF Portfolio Manager | ||
| Steve Brown, ProShares ETF Portfolio Manager | ||
| Leo Fan, ETF Portfolio Manager | ||
| Michael Brunell, ProShares ETF Portfolio Manager | ||
| James Michal, ProShares ETF Portfolio Manager | ||
| Alexander Bridgeforth, ETF Portfolio Manager | ||
| Mitchell Firestein, ProShares ETF Portfolio Manager | ||
| Carlos Asilis, ETF Portfolio Manager | ||
| Kris Dorr, ProShares ETF Portfolio Manager | ||
| Jerome Schneider, ETF Portfolio Manager | ||
| Patrick Dwyer, ETF Portfolio Manager | ||
| Tarak Dave, ProShares ETF Portfolio Manager | ||
| Andrew Ngim, ETF Portfolio Manager | ||
| Rafael Zayas, ETF Portfolio Manager | ||
| James Harrison, ETF Portfolio Manager | ||
| Nam To, ETF Portfolio Manager | ||
| Francesco Ossino, ETF Portfolio Manager | ||
| Robert Shimell, ETF Portfolio Manager | ||
| Francis Rodilosso, ETF Portfolio Manager | ||
| Ray Allen, ProShares ETF Portfolio Manager | ||
| Michael Venuto, ETF Portfolio Manager | ||
| Russell Shtern, ETF Portfolio Manager | ||
| James Murchie, ETF Portfolio Manager | ||
| Emidio Checcone, ProShares ETF Portfolio Manager | ||
| Michael Loeffl, ProShares ETF Portfolio Manager | ||
| Awais Khan, ProShares ETF Portfolio Manager | ||
| Keith Richardson, ProShares ETF Portfolio Manager | ||
| Sarah Ketterer, ETF Portfolio Manager | ||
| Charles Lowery, ETF Portfolio Manager | ||
| Michael Perre, ProShares ETF Portfolio Manager | ||
| Timothy McCann, ETF Portfolio Manager | ||
| Scott Radell, ProShares ETF Portfolio Manager | ||
| Tony Seisser, ProShares ETF Portfolio Manager | ||
| Richard Jenkins, ETF Portfolio Manager | ||
| Christopher DiStefano, ETF Portfolio Manager | ||
| HaoHung Liao, ProShares ETF Portfolio Manager | ||
| Michael Johnson, ProShares ETF Portfolio Manager | ||
| Eric Viliott, ProShares ETF Portfolio Manager | ||
| Stan Ueland, ProShares ETF Portfolio Manager | ||
| Richard Brown, ProShares ETF Portfolio Manager | ||
| Michael Kastner, ETF Portfolio Manager | ||
| Lewis Johnson, ETF Portfolio Manager | ||
| Alan Mason, ProShares ETF Portfolio Manager | ||
| Patrick Waddell, ProShares ETF Portfolio Manager | ||
| Paul Benson, ProShares ETF Portfolio Manager | ||
| Jonathan Guyer, ETF Portfolio Manager | ||
| Jonathan Molchan, ETF Portfolio Manager | ||
| Josh Smith, ETF Portfolio Manager | ||
| Darrell Jayroe, ETF Portfolio Manager | ||
| Chang Kim, ETF Portfolio Manager | ||
| Jeff Peters, ProShares ETF Portfolio Manager | ||
| Scott Glasing, ProShares ETF Portfolio Manager | ||
| Adrian Bachman, ProShares ETF Portfolio Manager | ||
| Jeremy Neisewander, ETF Portfolio Manager | ||
| Jeffrey Schwarte, ETF Portfolio Manager | ||
| Scott Geiger, ProShares ETF Portfolio Manager | ||
| Michelle Louie, ProShares ETF Portfolio Manager | ||
| Seth Misshula, ETF Portfolio Manager | ||
| Bruce Kavanaugh, ETF Portfolio Manager | ||
| Blake Grave, ProShares ETF Portfolio Manager | ||
| Guo Lin, ProShares ETF Portfolio Manager | ||
| Christopher Davis, ETF Portfolio Manager | ||
| Jonathan Stanley, ETF Portfolio Manager | ||
| Eric Isenberg, ProShares ETF Portfolio Manager | ||
| Brian Kelly, ETF Portfolio Manager | ||
| Boaz Weinstein, ETF Portfolio Manager | ||
| Richard DarbyDowman, ProShares ETF Portfolio Manager | ||
| Mohit Mittal, ETF Portfolio Manager | ||
| Andrew Beer, ProShares ETF Portfolio Manager | ||
| James Francis, ETF Portfolio Manager | ||
| Teddy Wong, ProShares ETF Portfolio Manager | ||
| Gold Corporation, ProShares ETF Portfolio Manager | ||
| James Colby, ProShares ETF Portfolio Manager | ||
| Steven Hlavin, ProShares ETF Portfolio Manager | ||
| Ryan Mischker, ProShares ETF Portfolio Manager | ||
| Orlando Montalvo, ETF Portfolio Manager | ||
| Mark Krivitsky, ProShares ETF Portfolio Manager | ||
| Timothy Ryan, ProShares ETF Portfolio Manager | ||
| Matthew Dorsten, ETF Portfolio Manager | ||
| Daniel Personette, ETF Portfolio Manager | ||
| Juan Acevedo, ProShares ETF Portfolio Manager | ||
| Peter Liao, ProShares ETF Portfolio Manager | ||
| Michael Jeanette, ProShares ETF Portfolio Manager | ||
| Christopher Wrazen, ProShares ETF Portfolio Manager | ||
| Robert Netzly, ETF Portfolio Manager | ||
| Kenneth Little, ETF Portfolio Manager | ||
| Daniel TenPas, ProShares ETF Portfolio Manager | ||
| Amy Cheng, ProShares ETF Portfolio Manager | ||
| Michelle Liu, ProShares ETF Portfolio Manager | ||
| Brandon Ferguson, ETF Portfolio Manager | ||
| Joseph Barrato, ETF Portfolio Manager | ||
| Mike Feehily, ProShares ETF Portfolio Manager | ||
| John Law, ETF Portfolio Manager | ||
| Kevin Sheehan, ETF Portfolio Manager | ||
| Peter Matthew, ProShares ETF Portfolio Manager | ||
| Qiong Wan, ProShares ETF Portfolio Manager | ||
| Edward Ryan, ETF Portfolio Manager | ||
| James Ong, ETF Portfolio Manager | ||
| Robert Anstine, ETF Portfolio Manager | ||
| John Mosseau, ETF Portfolio Manager | ||
| Eduardo Repetto, ProShares ETF Portfolio Manager | ||
| Theodore Samulowitz, ProShares ETF Portfolio Manager | ||
| Vincent Lowry, ProShares ETF Portfolio Manager | ||
| Tony Ng, ProShares ETF Portfolio Manager | ||
| Walter Nejman, ProShares ETF Portfolio Manager | ||
| Olga Winner, ProShares ETF Portfolio Manager | ||
| Robert Parker, ETF Portfolio Manager | ||
| David Hemming, ProShares ETF Portfolio Manager | ||
| Marc DiCosimo, ProShares ETF Portfolio Manager | ||
| Blake Graves, ETF Portfolio Manager | ||
| John Tysseland, ETF Portfolio Manager | ||
| Dustin Lewellyn, ETF Portfolio Manager | ||
| Michael Byrum, ProShares ETF Portfolio Manager | ||
| William Flaig, ETF Portfolio Manager | ||
| Darin Turner, ProShares ETF Portfolio Manager | ||
| Ellen Lee, ETF Portfolio Manager | ||
| Paul Kim, ETF Portfolio Manager | ||
| Michael Loeffler, ETF Portfolio Manager | ||
| B Minerd, ProShares ETF Portfolio Manager | ||
| Nicholas DEramo, ETF Portfolio Manager | ||
| Catherine Wood, ETF Portfolio Manager | ||
| Dwayne Hancock, ProShares ETF Portfolio Manager | ||
| Danton Goei, ETF Portfolio Manager | ||
| Gary Jones, ProShares ETF Portfolio Manager | ||
| David Swallow, ProShares ETF Portfolio Manager | ||
| Richard Ose, ProShares ETF Portfolio Manager | ||
| William DeRoche, ETF Portfolio Manager | ||
| Navid Sohrabi, ETF Portfolio Manager | ||
| James Doyle, ETF Portfolio Manager | ||
| PingYing Wang, ProShares ETF Portfolio Manager | ||
| Mebane Faber, ETF Portfolio Manager | ||
| Kristen Sheffield, ETF Portfolio Manager | ||
| Christine Franquin, ProShares ETF Portfolio Manager | ||
| Daniel Hyman, ETF Portfolio Manager | ||
| Habib Moudachirou, ProShares ETF Portfolio Manager | ||
| Sean Lussier, ProShares ETF Portfolio Manager | ||
| Kala ODonnell, ProShares ETF Portfolio Manager | ||
| Melissa Kapitulik, ProShares ETF Portfolio Manager | ||
| Gene Tannuzzo, ETF Portfolio Manager | ||
| Michael Neches, ProShares ETF Portfolio Manager | ||
| Fred Zhang, ETF Portfolio Manager | ||
| Travis Trampe, ETF Portfolio Manager | ||
| Cynthia Moy, ProShares ETF Portfolio Manager | ||
| Mathias MamouMani, ProShares ETF Portfolio Manager | ||
| Justin Lowry, ProShares ETF Portfolio Manager | ||
| Orhan Imer, ProShares ETF Portfolio Manager | ||
| Bradley Camden, ETF Portfolio Manager | ||
| Peter Hubbard, ProShares ETF Portfolio Manager | ||
| Jon Guyer, ETF Portfolio Manager | ||
| Robert Cummings, ProShares ETF Portfolio Manager | ||
| James Kramer, ProShares ETF Portfolio Manager | ||
| Todd Bean, ProShares ETF Portfolio Manager | ||
| Joel Shulman, ETF Portfolio Manager | ||
| George Cao, ProShares ETF Portfolio Manager | ||
| R Dillon, ProShares ETF Portfolio Manager | ||
| Kyle Kelly, ProShares ETF Portfolio Manager |
ProShares Etf Performance Indicators
The ability to make a profit is the ultimate goal of any investor. But to identify the right etf is not an easy task. Is ProShares UltraShort a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
| Number Of Employees | 127 | |||
| Beta | -23.98 | |||
| Total Asset | 90.62 M | |||
| One Year Return | 11.10 % | |||
| Three Year Return | 10.60 % | |||
| Five Year Return | 3.80 % | |||
| Ten Year Return | 6.50 % | |||
| Net Asset | 90.62 M |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards ProShares UltraShort in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, ProShares UltraShort's short interest history, or implied volatility extrapolated from ProShares UltraShort options trading.
Pair Trading with ProShares UltraShort
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if ProShares UltraShort position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in ProShares UltraShort will appreciate offsetting losses from the drop in the long position's value.Moving together with ProShares Etf
| 0.89 | UUP | Invesco DB Dollar | PairCorr |
Moving against ProShares Etf
| 0.91 | UDN | Invesco DB Dollar | PairCorr |
| 0.76 | SMI | VanEck Vectors ETF | PairCorr |
| 0.65 | CEFD | ETRACS Monthly Pay | PairCorr |
| 0.65 | LUX | Tema Luxury ETF | PairCorr |
| 0.59 | BA | Boeing Financial Report 24th of July 2024 | PairCorr |
The ability to find closely correlated positions to ProShares UltraShort could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ProShares UltraShort when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back ProShares UltraShort - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling ProShares UltraShort Euro to buy it.
The correlation of ProShares UltraShort is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as ProShares UltraShort moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ProShares UltraShort Euro moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for ProShares UltraShort can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in ProShares UltraShort Euro. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in employment. You can also try the Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.
The market value of ProShares UltraShort Euro is measured differently than its book value, which is the value of ProShares that is recorded on the company's balance sheet. Investors also form their own opinion of ProShares UltraShort's value that differs from its market value or its book value, called intrinsic value, which is ProShares UltraShort's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because ProShares UltraShort's market value can be influenced by many factors that don't directly affect ProShares UltraShort's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between ProShares UltraShort's value and its price as these two are different measures arrived at by different means. Investors typically determine if ProShares UltraShort is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ProShares UltraShort's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.